Wells Fargo is expected to report quarterly earnings of $1.85 per share when it releases its third-quarter results, an increase of 6.9% year over year, on revenues projected to reach $22.15 billion, up 3.3% from the same quarter last year. The consensus EPS estimate for the quarter has been revised upward by 1% over the past 30 days. Among the key metrics Wall Street models, analysts expect average balance for total interest-earning assets of $2089.78 billion, book value per common share of $54.96, and a return on equity of 13.5%. Net interest income is forecast at $12.63 billion and total noninterest income at $9.59 billion, while the efficiency ratio is seen at 62.5%. Analysts also project total nonperforming assets of $8.47 billion, total nonaccrual loans of $8.17 billion, and net loan charge-offs of $985.61 million, with a Common Equity Tier 1 standardized ratio of 10.1%.
Wells Fargo & CompanyPreview of Q3 earnings with EPS/revenue estimates and upward EPS revision; no actual result yet, so impact is unclear.
